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GST summons are for inquiry, don't amount to detention: HC

In a significant ruling, the Bombay High Court has reaffirmed that summonses issued under the CGST Act serve solely for the purpose of inquiries and recording statements, and do not authorize detention. A petitioner, who sought reparations for what they…

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Three reasons India’s economy is stronger than it’s ever been

India is entering a new era of opportunity. Strong trade deals with the US, UAE, Britain, and EU are opening global markets. The nation is excelling in advanced manufacturing, particularly in mobile phones and chip design.

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RBI clears ICICI Prudential to buy 9.95% stake in IDFC First Bank

IDFC FIRST Bank has secured a crucial nod from the Reserve Bank of India. ICICI Prudential Asset Management Company, along with group entities of ICICI Bank, can now acquire up to 9.95% of the bank’s paid-up share capital. This development…

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India’s inflation revamp may give Reserve Bank a reason to stay on hold

India is set to release inflation figures using a new index on Thursday, which analysts predict may indicate elevated price pressures. This revised Consumer Price Index, reflecting updated spending patterns and new categories, could influence the central bank’s decision to…

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India-US trade deal: New Delhi's trade surplus with Washington may cross $90 billion within a year, says SBI Report

India’s trade surplus with the United States is projected to exceed 90 billion US dollars annually. This surge is driven by a significant rise in Indian exports to the US, potentially crossing 100 billion US dollars. Simultaneously, imports from the…

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Exclusive: IPO-bound Flipkart explores food delivery launch

Flipkart, owned by Walmart, is assessing entry into online food delivery, starting with a Bengaluru pilot around May-June and a wider launch later. It is exploring a standalone platform or a buyer-side app on ONDC, after earlier plans did not…

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TDS on rent paid to joint owners explained: How the ₹50,000 threshold applies per landlord under Section 194IB
Clarity on TDS on rent paid to joint owners shows the ₹50,000 threshold applies per landlord, not per property. Joint ownership rent splits decide tax deduction, ensuring accurate compliance under Section 194IB and avoiding unnecessary deductions.
Pay only for the kilometres you drive: How PAYD insurance works
If you drive infrequently, a pay-as-you-drive (PAYD) policy could significantly lower your car insurance premium. Here's how it works, who should opt for it, and the risks to watch for.
8th Pay Commission: Odisha and West Bengal meetings take centre stage–top 5 updates you must know
The 8th Pay Commission is entering a crucial stage, with stakeholder meetings being held in Odisha and West Bengal to discuss salaries, pensions, allowances, and the fitment factor.
I asked ChatGPT how many credit cards are too many; Experts filled in the gaps with what AI missed
Several banks have altered credit card rewards, which may make cardholders reassess how many cards they need. I asked ChatGPT how many credit cards are too many and experts filled in the gaps with what AI missed.
I asked ChatGPT how rich Indians must become for the country to be ‘developed’; an expert adds what AI missed
I asked ChatGPT how rich Indians must become for the country to be considered developed. We then compared the responses to what Axis Bank's chief economist Neelkanth Mishra said on the matter. Here's a look...
Working for a foreign client or firm while living in India? Don't miss this form to avoid paying income tax twice
Working for a foreign client means income may be taxed in both the foreign country and India. However, Indian residents can claim foreign tax credit by filing Form 67. Details here.
New EPF Scheme 2026 comes into effect: Here's what changes and what remains the same for EPFO subscribers, explained
The government's new EPF Scheme 2026 has come into effect as part of the Social Security Code 2020. Today, we explore and explain how and what has changed for EPFO subscribers and what remains the same.
EPS-2026 rules: Will you get pension if you leave your job before completing 10 years of service?
The central government has implemented EPS, 2026, replacing older pension schemes. Key provisions remain intact, but questions about eligibility for employees leaving before 10 years persist. Here's what the new rules say.
Yen at record low: Should Indian investors be worried? Experts weigh in
The yen’s weakness is not just a Japan story. For Indian investors, the impact is mostly indirect. While short-term volatility may rise if global carry trades unwind, experts agree that disciplined long-term investing remains the most effective way to navigate these macro cycles.
EPS-2026 replaces EPS-95: Does the ₹1,000 minimum pension continue? Here's what has changed
The Centre has introduced the Employees' Pension Scheme (EPS), 2026, replacing older versions. While procedural changes have been made, the minimum monthly pension remains fixed at ₹1,000, unchanged since 2014.